L&T Technology Services IPO Allotment Status – Check here

If you have applied for L&T Technology Services IPO and willing to know about your L&T Technology Services IPO allotment status. Please check here the link and other relevant details of L&T Technology Services IPO allotment status mentioned for your reference. You can mention your PAN number to check the allotment details. You can check below the basis of allotment of shares for L&T Technology Services IPO under the headlines of ‘Basis of allotment’ document.

Note:- The responsibility of L&T Technology Services IPO allotment lies with the appointed Registrar of the company. Registrar of the company is accountable for the allotment of shares and processing of refund too. Therefore, in case of any issues, the Registrar is the right person or entity to resolve queries related to stock allocation or refund.

Important dates for L&T Technology Services IPO Allotment Status

The Allotment date for L&T Technology Services IPO issue is expected to be Sep 20, 2016

The amount is expected to get unblocked on Sept 21, 2016.

The Shares are expected to credited in DP accounts on September 22, 2016

The Shares of L&T Technology Services are likely to be listed Sept 23, 2016 on both BSE and NSE.

Subscription Details for L&T Technology Services IPO

Shares Offered / Reserved

Day 1 – Sep 12, 2016

Day 2 – Sep 14, 2016

Day 3 – Sep 15, 2016 7PM

QIB

2,080,000

0.28

1.1

5.01

NII

1,560,000

0.02

0.03

1.03

Retail

3,640,000

0.19

0.77

1.74

Total

7,280,000

0.18

0.71

2.52

Important points for Allotment of L&T Technology Services IPO

Here are some of the important points about L&T Technology Services IPO allotment process including allotment of L&T Technology Services IPO shares, basis of Allotment, process of checking allotment status and refund in case of no allotment etc.

Allotment of the IPO by Registrar

Registrar does the allotment of the IPO. Registrar is appointed by the company to manage all the registration related process i.e. Allotment of shares and refund processing. In this case, Karvy Computershare Pvt. Ltd. is the Registrar of the L&T Technology Services IPO.

Basis of IPO Allotment

The Registrar of the company allocates the stocks after enquiring most of the factors like extent of the issue subscribed, number of employees of the company applied for the IPO, required allotments to QIB as per the rules etc. Thereafter, the Registrar is responsible to initiate the basis of the allotment within the time period of two weeks of the issue close date.

Normally, allocation criteria of the segments is decided as QIB – 50% HNI-15% and Retail- less than 35% of the Net issue.

Usually, It takes little time to fetch information so you need to be little patient.

Credit to Demat Account after Allotment

Usually, The shares allotted to you will be placed in your Demat Account within two business days.

Wish to sell them on first day of the listing

The procedures of Shares listing in stock market is done after completing all the allotment procedures with the investors account receive the shares in their respective demat accounts. If your Demat account is active, you will directly get your allotted shares in your account to trade in the secondary market. So most likely you will not loose opportunity and will be able to sell on the very first day.

Shares not credited to Demat Account

In case the shares are not credited to your Demat Account before listing date, you need to contact your registrar immediately with a copy of your Dp Client Master. This will enable Registrar to upload your allotted shares in your demat account. You can send fax/scanned image of your documents. It is important to check before that your demat account must be active.

Refund in case of Non -Allotment or Partial Allotment

You will get physical refund order to your postal address or through ECS. It depends which mode have been selected with your broker at the time of filling form of your IPO request. It is the responsibility of the Registrar to dispatch or initiate the refund order /ECS transfer within 12 working days of issue close date at your postal address or in your account.

Refund via ECS

You will receive the refund in your account updated with your Depository participant. Incase of ASBA, the blockage will be released for the non allotted amount.

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